Latest News
Broadridge Financial Solutions is to work with data cloud company Snowflake to enable clients to consolidate and analyse trading and portfolio data in the cloud in a way they couldn’t before.
CEVEC Pharmaceuticals (CEVEC), a provider of high-performance cell technology for scalable manufacturing of advanced bio-therapeutics, has closed an internal growth financing round.
Being profitable in 2020, the company plans to use the funds to accelerate company growth and to further build up cell line development capacities to address the growing market in viral vector production. CEVEC also announced that the ELEVECTA Technology is currently being implemented in HEK293 as a second host cell type. As HEK293 is the most widely used host cell line in gene therapy manufacturing, CEVEC expects to see a significant increase in demand from clients and
Novo Holdings, a leading international life science investor, has led a USD118 million Series C financing in new portfolio company Genomatica, which harnesses biology to remake everyday products and materials with a reduced environmental impact.
The funding will be used to accelerate the global commercialisation and expansion of Genomatica’s sustainable materials, with the potential to reduce greenhouse gas emissions by 100 million tons per year.
Genomatica will use the investment to scale production for its portfolio of products and continue investing in new technologies to amplify the impact of sustainable materials across a range of industries. Genomatica replaces widely-used
Turquoise, a UK merchant bank specialising in energy, environment and efficiency, has announced its tenth deal for the Low Carbon Innovation Fund 2 (LCIF2), a GBP250,000 investment in pH sensor company ANB Sensors (ANB).
LCIF2 led the GBP997,000 equity round which included Hatch Accelerator Fund and Applied Technology Ventures as co-investors.
ANB was founded in 2015 to develop and commercialise next-generation, calibration-free pH sensor technology that is robust enough to use in hostile environments, including the deep ocean where measurements help in modelling the impacts of climate change. This is in contrast to existing sensors which are fragile, require
iCapital Network, a global financial technology platform focused on access and efficiency in alternative investing for the asset and wealth management industries, has raised USD440 million in funding round led by Temasek, with participation from Owl Rock, a division of Blue Owl Capital; MSD Partners; Noah Holdings and Golub Capital.
Additional commitments came from existing investors WestCap, Ping An Voyager Partners, Blackstone, UBS, Pivot Investment Partners, BNY Mellon, Wells Fargo, Morgan Stanley and Goldman Sachs Asset Management. Today, the company’s valuation is approximately USD4.0 billion.
The company will use the proceeds from the capital raise to enhance its platform technology,
In a recent snap poll by audit, tax and consulting firm RSM, almost three quarters (74 per cent) of private equity backed middle market businesses said that their investor has had a positive effect on their firm’s future prospects.
Nearly seven in 10 (69 per cent) believed their private equity investor had a positive effect on their firm’s resilience during the global Coronavirus pandemic, as communication between businesses and investors increased for nearly three fifths of the companies (68 per cent).
With 59 per cent of businesses saying that the pandemic has had a negative or very negative effect on
Global private markets firm Partners Group has agreed, on behalf of clients, to acquire Reedy Industries (Reedy), a US-based heating, ventilation and air conditioning (HVAC) service provider, from Audax Private Equity.
As part of the transaction, the Reedy family, management, and Audax, will remain minority investors in the Deerfield, Illinois-headquartered business. The transaction is expected to close in the third quarter of 2021.
Founded in 1930 with a 90-year history, Reedy provides mission-critical maintenance, repair and replacement services for commercial HVAC, chilled water, plumbing, building automation, and controls equipment in the US. The Company has over 1,500 employees who keep
HIG Capital (HIG) has sold portfolio company US Medical Supply (US MED to Advanced Diabetes Supply (ADS), a portfolio company of Court Square Capital Partners Inc. Terms of the transaction have not been disclosed.
US MED is among the largest and fastest growing direct-to-consumer specialty distributors of Continuous Glucose Monitors (CGM) and medical supplies in the nation. The Company’s success is a result of its talented and dedicated team, competitively differentiated platform, unique patient recruitment strategies and industry-leading patient satisfaction.
HIG acquired US MED in August 2015 and collaborated with management to craft a strategic vision of transforming US MED
Growthdeck has exited its investment in electric vehicle developer Saietta Group via an IPO on London’s Alternative Investment Market, delivering up to 22x valuation to Growthdeck’s early stage EIS investors.
The AIM IPO, which took place on Wednesday, 7 July, raised GBP37.5 million of new investment, and gave Saietta Group a market capitalisation of cGBP105 million. The IPO will allow the group to establish a motor durability testing facility and expand European production capacity to 100,000 motors per year.
Growthdeck raised three separate rounds of investment for Saietta in 2017, 2018 and 2020. While returns vary depending on how long
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
Europe’s venture capital market booming in 2021
Europe’s venture capital market booming in 2021